According to ChainCatcher, despite Goldman Sachs disclosing that it holds approximately $152 million in spot XRP ETF positions, making it the largest institutional investor in the sector, XRP's recent performance remains weak.
According to disclosed information, Goldman Sachs currently holds four XRP ETF products: Bitwise XRP ETF (approximately $39.8 million), Franklin XRP Trust (approximately $38.5 million), Grayscale XRP ETF (approximately $38 million), and 21Shares XRP ETF (approximately $35.9 million), accounting for approximately 73% of the total holdings of the top 30 institutional investors. However, market sentiment remains cautious, and technically, XRP has formed a bearish flag pattern, implying a potential downside of approximately 50%. Analysts believe that although institutional allocation reflects long-term confidence, XRP still faces significant short-term adjustment risks given the macroeconomic pressures and weakening capital flows.
